Around 4,000 bitcoin, valued at about $319 million, were transferred out of the Liquid Network's federation wallet, causing its reserve to drop from roughly 4,200 BTC to 207 BTC. An unknown party claimed responsibility with a message saying, "we are whitehats," but the incident remains unconfirmed by Blockstream or Liquid. The transfer is unusual because Liquid's system is designed to prevent unauthorized bitcoin withdrawals, raising questions about a possible security breach or a coordinated whitehat action. Users and investors await official clarification on the cause and implications of this significant movement of funds.
Approximately 4,200 BTC worth $320 million was moved off the Liquid Network in a single transaction marked by an on-chain message claiming white hat hacker involvement. The transaction’s legitimacy is unclear, as it either bypassed or was authorized ...
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